FXCM December volumes down 15%
Leading retail FX firm FXCM, the world’s largest online FX broker, announced its December trading activity levels, with retail volumes down 16% from November coming in at $257 billion for the month, and institutional volumes down 11% to $80 billion. For the full 2012 year, FXCM saw retail FX volumes of $3.6 trillion, down 5% from 2011.
FXCM has indicated that it plans to continue to expand, including the active pursuit of acquisitions. Despite generating a healthy level of positive cash flow, FXCM recently filed a prospectus for a potential $125 million financing, creating lots of “dry powder” for acquisitions.
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FXCM December volumes down 15% Conclusion
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